Gold and Silver recover some losses [Video]

Ledger
Ledger


Silver break below 6585 hit my 1st downside target of 6565/6560. We made a low for the day 5 ticks below.

Silver shot higher to first resistance at 6710/6730 & we made a high for the day just 13 ticks above here.

Holding below 6645/6630 risks a slide to 600/6590 before a retest of 6565/6560.

Further losses meet an excellent buying opportunity at 6490/6460.

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This could mark a low for this downside correction but longs need stops belowΒ  6410.

Holding above 6650 allows a recovery to 6685/90 & 6720/6730.

Further gains meet resistance at 676755/6775.

Shorts need stops above 6800.

A break above can target 6830/6835 & 6870.

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